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What is ICICI-Videocon controversy?



Deepak Kochar, Chanda Kochar’s husband was arrested Tuesday morning by Enforcement Directorate under Rs. 1374 crore ICICI loan fraud.

The ED initiated an investigation against Deepak Kochhar under the provisions of the Prevention of Money Laundering Act (PMLA), on the basis of an FIR registered by the Central Bureau of Investigation (CBI) on January 22, 2019, under sections 120 B, 420 of the Indian Penal Code.

The ED found that loans were refinanced and new loan aggregating Rs 1,730 crore was sanctioned to Videocon Industries Limited (VIL) and its group companies. These loans became non- performing assets (NPAs) for ICICI Bank on June 30, 2017.

The ED investigation further revealed that an amount of Rs 64 crore, out of a Rs 300-crore loan sanctioned by a committee headed by Chanda Kochhar to Videocon International Electronics Limited, was transferred to Nupower Renewables Pvt Ltd (NRPL), earlier known as NuPower Renewables Limited — a company owned by Deepak Kochhar — on September 8, 2009, just a day after its disbursement by ICICI Bank.

Moreover, net revenue of Rs 10.65 crore was also generated by NRPL from these tainted funds. Therefore, the proceeds of crime generated by NRPL stand at Rs 74.65 crore.

Investigations also revealed that Chanda Kochhar and her family acquired an apartment in Mumbai owned by one of the Videocon group companies, by way of acquiring that company through her family trust at a nominal price by creating book entries.

Accordingly, proceeds of crime totalling Rs 78.15 crore, which include Rs 74.54 crore held in the name of NRPL and its subsidiaries, the flat in Mumbai with a book value of Rs 3.5 crore, and an amount of Rs 10.5 lakh seized from a company of Deepak Kochhar, have been provisionally attached by the ED under PMLA.

What’s the issue?

Kochhar and her family members facing allegations of quid pro quo and conflict of interest with respect to a loan extended to certain entities, including the Videocon group.

The case is about an alleged corruption or fraud) against ICICI Bank Managing Director (MD) and Chief Executive Officer (CEO) Chanda Kochhar’s husband Deepak Kochhar, officials of the Videocon group and others to determine whether any wrongdoing was involved in the sanctioning of Rs 32.5 billion (Rs 3,250 crore) loan to the Videocon Group by the ICICI Bank as part of a consortium of banks in 2012

and Videocon Group Chairman Venugopal dhoot are caught up in a controversy over ICICI Bank allegedly granting loans worth Rs 32.5 billion (Rs 3,250 crore) to Videocon. Out of this, Rs 28.1 billion (Rs 2,810) were unpaid and declared non-performing asset (NPA) in 2017.

The ICICI bank loan amount was part of Rs 400 billion (Rs 40,000 crore) loans that Videocon group secured from a consortium of 20 banks led by the State Bank of India.

The role of deepak kochhar in the Videocon loan case dates back to December 2008, when he set up a joint venture NuPower Renewables (NRPL) with 50-50 shares owned by both Dhoot and deepak kochhar and their associates.

In 2009, Dhoot resigned as NRPL director and transferred around 25,000 of his shares to deepak kochhar and a year later, his company Supreme Energy Private Limited allegedly gave a loan of Rs 640 million (Rs 64 crore) to NRPL.

In what followed a timeline of share transfer between the two, Dhoot’s Supreme Energy took over the majority of shares of NRPL, which he transferred to his associate Mahesh Chandra Punglia.

Punglia, in turn, transferred his entire stake in Supreme Energy to Deepak Kochhar’s Pinnacle Energy for only Rs 900,000 just six months after the Videocon Group got the Rs 32.5-billion loan from ICICI Bank.

Therefore, as it turns out, Supreme Energy gave a loan of Rs 640 million (Rs 64 crore) to NuPower and within three years of that, it got subsumed by Pinnacle Energy. Six months before the transfer of these shares took place, Videocon received a loan of Rs 32.5 billion (Rs 3,250 crore) from ICICI Bank. Almost 84 per cent or Rs 28.1 billion (Rs 2,810) of that loan was unpaid and the Videocon account was declared as NPA in 2017.

This has raised a question of conflict of interest, on part of Chanda Kochhar.

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Dussehra (victory of good over evil)



Dussehra Is celebrated to represent victory of good over evil means prabhu Rama over Ravana in famous hindu epic Ramayan. Also it means the end of durga puja & Ramlila. In Ramayan, Ravana kidnaps god Rama’s wife Sita, as god Rama & Laxman cuted of the nose of ravna’s sister surpanakha so to claim vengeance on them Ravana kidnapped sita. To get back maa sita prabhu Rama & Laxman faught battel against Ravana with the help of hanuman, subriv & other vanar sena. In this battel Rawan’s brother Bhibishan also helped him against Ravan . at the end of prabhu Ram wins the battel and rescues sita. Thereafter this victory is celebrated by burning the statue of Ravan, kumbhakarn, his son meghnath. Dasehra is a climax of long day celebration of Navratri.

           The nine days of Navratri is the time to reflect on oneself, observe silence & practice fasting. Fasting cleanses the body of toxins and silence purifies speech & mind. what does dasehra means das means ten and hara means take away. Which came after Navratri means nine nights if darkness.  On each day of Navratri we pray to that form of goddess durga to take away that darkness of ignorance within us and after that on tenth day on the occasion of dasehra we burn all the evil, bad things, thoughts, bad habbits inside us in that fire in the form of Ravna as evil inside us.

Ravan is not the demon or evil outside you it is inside you. In the battel of Ram and Ravana, god ram had been invoked durga to help him win the battel against Ravan, And he won. We also should invoked god durga to help us in gaining back our sita. Now what is sita?  It is awareness inside is which has been traped in maya surround us. To make our soul clean and pure we have to burn the evil in the fire by wining the battel against it which lies inside us that’s what dasehra symbolize.

It is a supreme festival of Hindu culture with true meaning. It also symbolize the feminism as the battel is to gain maa Sita again back as Ravan has kidnaped her. whenever  man crosses his limit and try to hurt marayda of stree. She will become god durga and make him to death. When the Rama wins then there is only light. So choice is ours. Either we become Ravana & get entrapped in the worldly pleasure or become Rama (A spiritual being)

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Know what you have celebrated these 9 days!



The Celebration of Good over Evil

Navaratri is the opportunity for removal of vanity and evil influences and learning to achieve the ultimate truth and meaning of life through spiritual means.

Navaratri (Nava-nine; Ratri-nights) is usually celebrated, as its name suggests, within a span of 9 nights and 10 days. It falls on the Ashvin month according to the Hindu calendar. It celebrates the victory of good over evil; the defeat of negative energies by the righteous or morally upright. The rituals performed during Navaratri is dedicated to Devi Ma, the divine feminine. Each night is dedicated to the worship of nine personalities (Navadurga) and express gratitude to the Mother Divine. Devi is considered as the omnipresent cosmic energy. Devotees often fast, meditate, pray and perform certain rituals.

The rituals are followed by external festivities such as cultural functions and fairs. Cultural functions include Garba/ Dandiya nights and other social functions whereas rituals include Ghatasthapana and other spiritual activities. Women gather up in various societies and perform their rituals together.

But things have changed amidst this Pandemic. People are avoiding social gatherings. They are visiting temples with their masks on and abiding by the guidelines of the Government by following the social distancing norms. Most of the relatives are greeting each other via online platforms and celebrating this auspicious occasion by face-timing each other.

According to sources, many cities (like Indore, Raipur, etc.) have cancelled Garba nights, thus, leaving the hearts of many youngsters broken. Each State Government has taken precautions not to let more than 100 people assemble anywhere.

Jagaran reports that Prayagraj is celebrating Shardiya Navaratra in a unique manner. Famous singers across the city are preparing for devotional songs and performing them via online platforms so that people can get access to the divine celebration by staying at home as well.

Navaratri’s focus is to show reverence to the creation which is a gift of Devi Ma and it is rightly done if we start respecting our Mother Earth in the right terms.

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Why do we have blood types?



Blood is bodily fluid that circulates through body and deliver essential nutrients and oxygen to every cell of our body.

For thousands of years nobody really understood blood. A greek doctor from 200 BC believed that blood was created from food and liver, this thought lived nearly 1500 years. It was early 17th century when a British ‘Dr. William Harvey’ discovered that blood circulated circulated through body. This experiment spawned the age of blood transfusion. In 1665 an english physician successfully kept one dog alive by transfusing blood of another dog into his body. Later after two years doctors experimented transfusing animals blood into human body in which the human patient died due to blood clotting.

It wasn’t until 1900s when ‘Dr. Karl Landsteiner’ understood that animals even humans have different blood. He later researched on blood and developed a system to categorize blood type known as A-B-O blood group system. Dr. Landsteiner traced transfusion complication like death and blood clot is caused by two things Antigens and Antibodies. Antigen is anything that triggers our immune system to respond. Usually viruses and Bacteria fall in this category, usually our immune system recognize these invaders and deploy antibodies to destroy them. Antibodies are proteins produced by our immune system that can recognize, investigate and if needed can destroy Antigens.But our own body also produce some Antigens called Self-Antigens which our immune system leave them alone. The whole A-B-O group system  is based upon these sugar based Self-Antigens and corresponding protein based antibodies. 

Depending upon the presence and absence of these Antigens and Antibodies our blood is divided into four types. Type A blood has A-antigen on blood and B-antibody in plasma. Type B blood has B-antigen on blood and A-antibody in plasma. Type AB has both A-antigen and B-antigen with no Antibodies in plasma. Type O has both A-antibody and B-antibody with no Antigens on blood. 

The positives and the negatives after our blood type is given by detecting the presence or absence of Rh protein based Antigen. Presence of Rh protein gives positive sign after blood type while absence gives negative sign after blood type. 

Blood is foremost the most important fluid in our body. By understanding our blood we can ensure tranfusing right blood type to the needy ones.

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